Nanalysis Scientific Corp Stock Market Value
NSCI Stock | CAD 0.31 0.01 3.33% |
Symbol | Nanalysis |
Nanalysis Scientific 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nanalysis Scientific's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nanalysis Scientific.
11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Nanalysis Scientific on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Nanalysis Scientific Corp or generate 0.0% return on investment in Nanalysis Scientific over 30 days. Nanalysis Scientific is related to or competes with Algonquin Power, HPQ Silicon, Data Communications, Canlan Ice, and Thunderbird Entertainment. Nanalysis Scientific Corp., through its subsidiary, Nanalysis Corp., operates as an industrial technology company More
Nanalysis Scientific Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nanalysis Scientific's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nanalysis Scientific Corp upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.08) | |||
Maximum Drawdown | 18.04 | |||
Value At Risk | (5.41) | |||
Potential Upside | 5.41 |
Nanalysis Scientific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nanalysis Scientific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nanalysis Scientific's standard deviation. In reality, there are many statistical measures that can use Nanalysis Scientific historical prices to predict the future Nanalysis Scientific's volatility.Risk Adjusted Performance | (0.05) | |||
Jensen Alpha | (0.26) | |||
Total Risk Alpha | (0.39) | |||
Treynor Ratio | 0.2182 |
Nanalysis Scientific Corp Backtested Returns
Nanalysis Scientific Corp has Sharpe Ratio of -0.0669, which conveys that the firm had a -0.0669% return per unit of risk over the last 3 months. Nanalysis Scientific exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nanalysis Scientific's Risk Adjusted Performance of (0.05), mean deviation of 2.65, and Standard Deviation of 3.72 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.33, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nanalysis Scientific are expected to decrease by larger amounts. On the other hand, during market turmoil, Nanalysis Scientific is expected to outperform it. At this point, Nanalysis Scientific Corp has a negative expected return of -0.25%. Please make sure to verify Nanalysis Scientific's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Nanalysis Scientific Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Nanalysis Scientific Corp has good reverse predictability. Overlapping area represents the amount of predictability between Nanalysis Scientific time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nanalysis Scientific Corp price movement. The serial correlation of -0.53 indicates that about 53.0% of current Nanalysis Scientific price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.53 | |
Spearman Rank Test | -0.49 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Nanalysis Scientific Corp lagged returns against current returns
Autocorrelation, which is Nanalysis Scientific stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nanalysis Scientific's stock expected returns. We can calculate the autocorrelation of Nanalysis Scientific returns to help us make a trade decision. For example, suppose you find that Nanalysis Scientific has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Nanalysis Scientific regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nanalysis Scientific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nanalysis Scientific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nanalysis Scientific stock over time.
Current vs Lagged Prices |
Timeline |
Nanalysis Scientific Lagged Returns
When evaluating Nanalysis Scientific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nanalysis Scientific stock have on its future price. Nanalysis Scientific autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nanalysis Scientific autocorrelation shows the relationship between Nanalysis Scientific stock current value and its past values and can show if there is a momentum factor associated with investing in Nanalysis Scientific Corp.
Regressed Prices |
Timeline |
Thematic Opportunities
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Additional Tools for Nanalysis Stock Analysis
When running Nanalysis Scientific's price analysis, check to measure Nanalysis Scientific's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nanalysis Scientific is operating at the current time. Most of Nanalysis Scientific's value examination focuses on studying past and present price action to predict the probability of Nanalysis Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanalysis Scientific's price. Additionally, you may evaluate how the addition of Nanalysis Scientific to your portfolios can decrease your overall portfolio volatility.